According to the latest report by IMARC Group, titled “Tissue Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global tissue banking market reached a value of US$ 1.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.83 Billion by 2027, exhibiting at a CAGR of 11.9% during 2022-2027.
Tissue banking represents the process of preparing, collecting, and preserving transplantable human tissues for potential therapeutic uses. The tissues obtained are used in replacing and healing the affected or lost tissues of the patients. In line with this, they are also utilized to repair damaged heart muscles, treat spinal cord injuries, heal skin from severe burns, etc. Presently, there are numerous advancements in clinical trials and biomedical research. Consequently, tissue preservation and banking is gaining extensive traction across the globe.
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Tissue Banking Market Trends and Drivers:
The expanding geriatric population and the sudden outbreak of the COVID-19 pandemic are primarily driving the tissue banking market. Additionally, the growing number of individuals undergoing surgical interventions is increasing the use of human tissue allografts that are adopted to repair limbs, relieve pain, and improve the life quality of patients. Besides this, researchers are relying on tissue banks to understand cellular responses and the biological impact of infection, collect tissue specimens, identify new therapeutic interventions and prevention strategies, etc., which is acting as another significant growth-inducing factor. Moreover, the increasing popularity of tissue banks for the transplantation of tendons, corneas, bones, heart valves, skin, etc., is also positively influencing the global market. Apart from this, they can minimize the risk of bacterial and fungal contamination of tissues by using aseptic surgical equipment, techniques, and supplies while processing and storing the tissue from the donor. Furthermore, the emerging trend of cosmetic surgeries, on account of the inflating disposable income levels and the rising consumer consciousness towards physical appearances, is anticipated to fuel the tissue banking market over the forecasted period.
Tissue Banking Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AMS Biotechnology
- Beckman Coulter Inc. (Danaher Corporation)
- Bio-Rad Laboratories Inc.
- Brooks Life Sciences Inc. (Brooks Automation Inc.)
- Eppendorf AG
- Merck KgaA
- PHC Corporation
- QIAGEN N.V.
- Sartorius AG
- Thermo Fisher Scientific Inc.
- VWR International LLC (Avantor Inc).
The report has segmented the market on the basis on region, product, application, tissue type.
Breakup by Product:
- Cryopreservation Equipment
- Thawing Equipment
- Quality Control Equipment
- Media and Consumables
Breakup by Application:
- Medical Research
Breakup by Tissue Type:
- Cardiovascular Tissue
- Lung Tissue
- Kidney Tissue
- Pancreas Tissue
- Liver Tissue
- Eye Tissue
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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